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Stock impact report

Rocket's New Guard Aims for AI-Fueled Rebound After Bumpy Era [Yahoo! Finance]

PennyMac Financial Services, Inc. (PFSI) 
Last pennymac financial services, inc. earnings: 2/6 04:30 pm Check Earnings Report
US:NYSE Investor Relations: ir.pennymacfinancial.com
Company Research Source: Yahoo! Finance
annual loss as a public company, navigated a historic drop-off in mortgage originations and replaced its chief executive officer. Most Read from Bloomberg Chicago's Migrant Surge Is Stirring Trouble for Democrats in DNC Host City Sydney Central Train Station Is Now an Architectural Destination With Housing Costs High, Democrats Hone YIMBY Message With Self-Driving Vans, Hamburg Tries to Make Microtransit Work UK Transport Minister Clears Path for More 20mph Speed Zones But for new CEO Varun Krishna, the downturn has turned into a chance to reshape how Rocket does home lending. His bet, an expensive one, is that artificial intelligence can fix a process that makes half of buyers cry and turn his company into the dominant force in a market that has long seen cutthroat competition between hundreds of firms. Plenty stands in the way of that ambition. The plunge in refinancings last year dropped Rocket to third place in the closely watched mortgage rankings, and rivals are Show less Read more
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